DeneGOLD- Free

Life insurers turn to policies with high value
Business Standard|November 16, 2024
Life insurers shifted their focus to selling high-value policies in October as the transition to new surrender value norms, effective October 1, limited their ability to roll out all products in their portfolio.
- AATHIRA VARIER & SUBRATA PANDA

This led to a 40 per cent year-on-year (Y-o-Y) drop in the number of policies sold in October.

Additionally, distributors engaged in a fire sale of policies in September due to uncertainty about the impact of the new norms on their commission structures. This advance selling made an impact in October, as distributors slowed down on promoting new products.

Data from the Life Insurance Council shows, the number of policies sold by insurers in October dropped 41.6 per Y-o-Y to nearly 1.2 million. In contrast, policy sales in September rose nearly 432 per cent to 11.7 million from 2.21 million in the year-ago month.

Bu hikaye Business Standard dergisinin November 16, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Life insurers turn to policies with high value
Gold Icon

Bu hikaye Business Standard dergisinin November 16, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Business Standard

Not defaulted on any payments, ensuring timely repayment to lenders: Kinara Capital

MSME-focused lender Kinara Capital said on Tuesday that it had not defaulted on any payments to lenders and is ensuring timely repayment to all.

time-read
1 min  |
February 19, 2025
World Looks to India as Global Adaptation Leader
Business Standard

World Looks to India as Global Adaptation Leader

The last Conference of the Parties (COP29) in Baku, Azerbaijan, was disappointing in terms of climate finance and adaptation efforts. All eyes are now on Brazil's COP30 later this year to take on the task of mobilizing climate finance, even as the US exit from the Paris Agreement and extreme weather events loom large. SIMON STIELL, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), in an exclusive email interview with Puja Das and Shreya Jai, says adaptation will be a focus area for all nations, urges India to accelerate its clean energy efforts, lauds the LIFE (Lifestyle for Environment) mission, and highlights India's potential to be a global example in climate action. Edited excerpts:

time-read
3 dak  |
February 19, 2025
Business Standard

Sebi proposes to beef up trading account security

The Securities and Exchange Board of India (Sebi) has proposed a SIM binding mechanism to prevent unauthorised access to trading and demat accounts, similar to the security measures used in UPI payments.

time-read
1 min  |
February 19, 2025
Business Standard

Proteins vs beverages: Gnawing spending gaps in some states

Some large states' spending on beverages and processed foods is nine times as much as that on high-quality proteins like eggs, fish and meat, shows Household Consumption Expenditure (HCE) survey data for 2023-24.

time-read
2 dak  |
February 19, 2025
Business Standard

Licious eyes 2026 IPO, targets $2 bn valuation

Licious, a Temasek Holdings-backed online seller of meat and seafood, is seeking to become profitable as it prepares to list in 2026, adding to a slew of consumer-facing firms eyeing the public markets.

time-read
1 min  |
February 19, 2025
U.S., Russia Hold Talks in First Step to Ukraine Peace
Business Standard

U.S., Russia Hold Talks in First Step to Ukraine Peace

Moscow Insists NATO Take Back Ukraine Membership Promise

time-read
3 dak  |
February 19, 2025
Business Standard

Caveat influencers

An ethics council is a good start

time-read
2 dak  |
February 19, 2025
RBI Should Focus on Liquidity If It Wants to Support Growth: Mishra
Business Standard

RBI Should Focus on Liquidity If It Wants to Support Growth: Mishra

If the Reserve Bank of India's (RBI) goal is to ease financial conditions, which will consequently lead to higher credit offtake and support growth, it should focus on alleviating the persistent tight liquidity conditions rather than cutting the policy rate, said Neelkanth Mishra, chief economist, Axis Bank.

time-read
1 min  |
February 19, 2025
Business Standard

Widening trade deficit raises dumping concerns

The widening merchandise trade deficit at $23 billion in January from $16.5 billion a year ago has raised concerns of dumping by trade partners.

time-read
1 min  |
February 19, 2025
Business Standard

Stocks of listed brokers, asset managers fall up to 70% in market crash

A market correction in the last few months has seen shares of listed stockbrokers on the National Stock Exchange (NSE) tumble up to 70 per cent at the bourses.

time-read
1 min  |
February 19, 2025

Hizmetlerimizi sunmak ve geliştirmek için çerezler kullanıyoruz. Sitemizi kullanarak çerezlere izin vermiş olursun. Learn more